China Communications Construction Company Limited (Stock Code: 1800), referred to as CCCC, announced that on 30 October 2025 it entered into supplemental agreements with certain connected subsidiaries with respect to two existing framework agreements: the Leasing Framework Agreement and the Mutual Project Contracting Framework Agreement. ZhongBo Green Energy Co., Ltd. is no longer included under these agreements as it ceased to be a connected subsidiary.

Under the supplemental agreement to the Leasing Framework Agreement, CCCC and the connected subsidiaries revised two annual caps for the year ending 31 December 2025. The rental cap for the Group’s leasing of assets to the connected subsidiaries increases from RMB47.42 million to RMB51.05 million, and the rental cap for the connected subsidiaries’ leasing of assets to the Group increases from RMB400.00 million to RMB422.23 million. The company attributes the adjustments to higher demand for leased production facilities and assets, along with additional project requirements in the second half of the year.

According to the supplemental agreement to the Mutual Project Contracting Framework Agreement, the annual cap for labour and subcontracting fees to be received by the connected subsidiaries for the year ending 31 December 2025 increases from RMB240.52 million to RMB342.78 million, driven by the Group’s need for additional professional and management services. The company indicates that its infrastructure construction business often sees higher demand and the recognition of related costs in the later part of the year.

CCCC states that the relevant directors associated with its controlling shareholder, China Communications Construction Group (Limited), abstained from voting on these connected transactions. Based on the highest applicable percentage ratios, the revised caps for the leasing of assets by certain connected subsidiaries to the Group and the mutual project contracting transactions are subject to reporting, announcement, and annual review requirements under Chapter 14A of the Hong Kong Listing Rules but do not require independent shareholders’ approval. The revised cap covering the Group’s leasing of assets to certain connected subsidiaries falls below the 0.1% threshold and is exempt from relevant disclosure and shareholders’ approval provisions.

CCCC remains a leading global mega-infrastructure integrated service provider, focusing on areas such as infrastructure construction, design, and dredging. The continuing connected transactions involve related subsidiaries such as CCCC Haifeng Wind Power Development Co., Ltd. and CCCC (Xiamen) E-Commerce Co., Ltd., in which China Communications Construction Group (Limited) indirectly holds more than 10% interest, thereby classifying them as connected subsidiaries under the Hong Kong Listing Rules.